What are the procurement methods in the construction industry? For each method, give a construction project as an example. (For example XXX is suitable for industrial plants, YYY for residential buildings
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Q: What are the procurement methods in the construction industry? For each method, give a construction…
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Q: 20 Imagine that you want to add a bathroom to a house. You get a copy of a cost estimating guide and…
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Q: List and describe the three main functions of estimates in the construction industry.
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Q: Who is responsible for searching the products at construction project?
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Q: There has been the recent news of inflated project cost in the country by some politicians. This…
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Q: Describe how computers can help with the first stage in pricing an estimate.
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Q: List Five Price Categories that need to be Considered when Pricing an Estimate
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What are the procurement methods in the construction industry? For each method, give a construction project as an example. (For example XXX is suitable for industrial plants, YYY for residential buildings
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- I need solution in 15 minuties pleas1* Suppose you are a project manager of a power plant project and there is a penalty in your contract with the main client for every day you deliver the project late. You need to decide which sub-contractor is appropriate for your projects critical path activities. But while selecting a sub-contractor, you should take into consideration the costs and delivery dates.Sub-contractor 1 bids $250,000. You estimate that there is a 30% possibility of completing 60 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.Sub-contractor 2 bids $320,000. You estimate that there is a 10% possibility of completing 20 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.You need to determine which sub-contractor is appropriate for your projects critical path activities. Both sub-contractors promise successful delivery and high-quality…There has been the recent news of inflated project cost in the country by some politicians. This claim has put many construction professionals in very bad light. Based on the above explain the following with necessary examplesto your friends who are not in the construction industrya. Construction Costb. Cost of Constructionc. Total Project Cost
- CPM Construction plans to buy a truck for $150,000, andsell it for $15,000 at the end of five years. The annual operatingcost of the vehicle is $60,000. What is the equivalentannual cost of this truck, if the company uses a MARR of12%?manufacturing technologhy please asnwer as soon as possibleQ1: Discuss “Contract System” of CNW KPK for civil construction work from inviting of tender to allotment of work.
- A client plans to construct a manufacturing plant that involves multiple engineering disciplines. Calculate the total engineering fees including taxes based on the following: Mechanical Works, $1,540,000 Electrical Works, $1,780,000 Earth Works, $950,000 Civil Works, $2,125,100 Environmental Works, $1,325,000 Basis B fees = 9% There are no office fees Taxes = 13%You must decide between job offers from CPM Constructionand Fudd Associates. Both companies concentrate on sustainablecommercial construction, have similar fringe benefitsand offer comparable salary increases. CPMConstruction offers you a $20,000 sign-up bonus, whileFudd Associates will give you $30,000 after three years inthe job. Which offer would you take? Why? ConsiderEngineering Economy principles in your explanation.The following are the potential unethical behavior of a Quantity Surveyor (QS) in preparing the payment certificates: Bribery, fraud, extortion, bid rigging, over billing, kickbacks. Explain in details how it's unethical behaviour of a quantity surveyor and give some examples
- A firm must make a bid on a contract to make 12 units of a new product. Engineering analysis indicates that the nature of this product and its manufacturing processes resemble those for the firm’s current model, so the firm decides to base its bid on the 85 percent learning rate it experienced on that model. If engineers estimate that the first unit will require 10 hours of labor, how many hours will the 12 unit require? How many hours will the firm take to make all 12 units?List all activities during construction including the documents, from mobilization to turnover, in order.G: The client hires you to go to and personally source materials from China for 5 days. It was agreed that the client pays you on a per diem basis and pegged the fees at Php 6,000/day. How much is your total RPF for rendering this type of service?